2025-11-09T09:09:04-06:00 2024-12-31 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2024-01-01 570695687 BROWN-LAWSON HOUSING DEVELOPMENT CORPORATION BROW 9803762238 PO BOX 480472 CHARLOTTE NC 28269 ROY GRAHAM PRESIDENT/CHAIRMAN 9803762238 2025-10-13 1 1 REBECCA FISHER P01690017 7044993893 2025-10-13 2024 2025-03-06 01:10:19Z X ROY GRAHAM PO BOX 480472 CHARLOTTE NC 28269 959346 0 X N/A X 1978 SC BROWN-LAWSON HOUSING DEVELOPMENT CORPORATION, A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 72-UNIT APARTMENT COMPLEX IN SUMTER, SOUTH CAROLINA, KNOWN AS SHILOH-RANDOLPH MANOR, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.THE CORPORATION HAS ENTERED INTO STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT (HAP) CONTRACT WITH HUD UNDER SECTION 8 OF THE NATIONAL HOUSING ACT PROVIDES RENT ASSISTANCE FOR ELDERLY PERSONS AGED 62 AND OLDER. 5 5 0 5 0 0 672250 698277 264588 259665 548 628 62 776 937448 959346 0 0 0 0 0 116014 0 0 0 944480 819131 944480 935145 -7032 24201 2143820 2127379 2168321 2127679 -24501 -300 X BROWN-LAWSON HOUSING DEVELOPMENT CORPORATION, A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 72-UNIT APARTMENT COMPLEX IN SUMTER, SOUTH CAROLINA, KNOWN AS SHILOH-RANDOLPH MANOR, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.THE CORPORATION HAS ENTERED INTO STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT (HAP) CONTRACT WITH HUD UNDER SECTION 8 OF THE NATIONAL HOUSING ACT PROVIDES RENT ASSISTANCE FOR ELDERLY PERSONS AGED 62 AND OLDER. 0 0 697203 260441 BROWN-LAWSON HOUSING DEVELOPMENT CORPORATION, A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 72-UNIT APARTMENT COMPLEX IN SUMTER, SOUTH CAROLINA, KNOWN AS SHILOH-RANDOLPH MANOR, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.THE CORPORATION HAS ENTERED INTO STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT (HAP) CONTRACT WITH HUD UNDER SECTION 8 OF THE NATIONAL HOUSING ACT PROVIDES RENT ASSISTANCE FOR ELDERLY PERSONS AGED 62 AND OLDER. 697203 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X TANNJA JOHNSON 9803762238 PO BOX 480472 CHARLOTTE NC 28269 X ROY GRAHAM PRESIDENT/CHAIRMAN 10.00 X X 0 0 0 LINDA WHEAT SECRETARY 2.00 X X 0 0 0 REV GEORGE P WINDLEY JR DIRECTOR 1.00 X 0 0 0 KEITH IVEY DIRECTOR 1.00 X 0 0 0 BRENDA WESTPOINT DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 698277 698277 RENTAL REVENUE 531110 247057 247057 LAUNDRY AND VENDING 531110 12014 12014 TENANT CHARGES 531110 594 594 259665 628 628 MISCELLANEOUS 531110 776 776 776 959346 260441 0 628 X 80793 80793 6859 6859 15212 15212 13150 13150 56508 56508 24272 24272 260517 253514 7003 229 229 31728 591 31137 171328 171328 4123 4123 77418 77418 71625 71625 SUPPLIES 68952 68952 MISC,ADMINISTRATIVE EXP 25677 25677 RENTING EXPENSES 11162 11162 MISC.TAXES LICENSES & P 7556 7556 8036 6875 1161 935145 697203 237942 0 22109 146366 23550 19847 2161 12694 13223 48929 4746506 3705596 1114188 1040910 88998 879591 858633 2143820 2127379 42972 160969 3678 3119 2086034 1943799 35637 19792 2168321 2127679 X -24501 -300 -24501 -300 2143820 2127379 24201 0 X 0 1 X 1 1 1 X 652321 662079 677907 672250 698277 3362834 218077 224651 234869 264588 260441 1202626 870398 886730 912776 936838 958718 4565460 0 0 0 4565460 286 227 297 548 628 1986 286 227 297 548 628 1986 870684 886957 913073 937386 959346 4567446 0.99960 0.99960 0.00040 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 146000 146000 4400898 3550084 850814 141484 97388 44096 58124 58124 0 1040910 ESCROW DEPOSITS 11701 RESERVE FOR REPLACEMENT 112274 DEBT SERVICE SAVINGS RESERVE 653731 RESIDUAL RECEIPTS RESERVE 80927 858633 TENANT SECURITY DEPOSITS HELD IN TRUST 19792 19792 X 959346 0 959346 0 959346 935145 0 935145 0 935145 PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT ENTITY AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS THE CORPORATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED USING A "MORE LIKELY THAN NOT" THRESHOLD TO DETERMINE WHETHER THE TAX POSITION IS UNCERTAIN AND WHAT EFFECT, IF ANY, THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2024. FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO PRESKEN MANAGEMENT. THE AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS SELECTED BASED ON ITS EXPERIENCE MANAGING PROPERTIES UNDER THESE GUIDELINES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PRESENTED TO BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT BOARD MEETINGS, DIRECTORS AND OFFICERS ARE EXPECTED TO REPORT ANY ACTUAL OR PERCEIVED ACTIVITIES OR CIRCUMSTANCES THAT COULD BE CONSTRUED AS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES-PROGSERV-990: PROGRAM SERVICE EXPENSES 253,514. MANAGEMENT AND GENERAL EXPENSES 7,003. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 260,517.